New Risk • Aug 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (₹9.36b market cap, or US$97.9m). Reported Earnings • Aug 15
First quarter 2027 earnings released: EPS: ₹4.66 (vs ₹13.95 in 1Q 2026) First quarter 2027 results: EPS: ₹4.66 (down from ₹13.95 in 1Q 2026). Revenue: ₹1.41b (down 21% from 1Q 2026). Net income: ₹70.7m (down 66% from 1Q 2026). Profit margin: 5.0% (down from 12% in 1Q 2026). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. お知らせ • Aug 07
Swelect Energy Systems Limited to Report Q1, 2027 Results on Aug 13, 2026 Swelect Energy Systems Limited announced that they will report Q1, 2027 results on Aug 13, 2026 Upcoming Dividend • Jul 17
Upcoming dividend of ₹3.50 per share Eligible shareholders must have bought the stock before 24 July 2026. Payment date: 13 August 2026. Payout ratio is a comfortable 9.6% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.3%). New Risk • Jul 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • May 25
Dividend of ₹3.50 announced Shareholders will receive a dividend of ₹3.50. Ex-date: 24th July 2026 Payment date: 13th August 2026 Dividend yield will be 0.6%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹36.40 (vs ₹8.31 in FY 2025) Full year 2026 results: EPS: ₹36.40 (up from ₹8.31 in FY 2025). Revenue: ₹6.93b (up 12% from FY 2025). Net income: ₹551.7m (up 338% from FY 2025). Profit margin: 8.0% (up from 2.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • May 22
Swelect Energy Systems Limited, Annual General Meeting, Jul 31, 2026 Swelect Energy Systems Limited, Annual General Meeting, Jul 31, 2026. お知らせ • May 15
Swelect Energy Systems Limited to Report Q4, 2026 Results on May 21, 2026 Swelect Energy Systems Limited announced that they will report Q4, 2026 results on May 21, 2026 Buy Or Sell Opportunity • May 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to ₹696. The fair value is estimated to be ₹579, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹633, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 27x in the Electrical industry in India. Total returns to shareholders of 91% over the past three years. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹6.11 (vs ₹6.98 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹6.11 (up from ₹6.98 loss in 3Q 2025). Revenue: ₹1.47b (up 61% from 3Q 2025). Net income: ₹92.6m (up ₹200.3m from 3Q 2025). Profit margin: 6.3% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • Feb 09
Swelect Energy Systems Limited to Report Q3, 2026 Results on Feb 13, 2026 Swelect Energy Systems Limited announced that they will report Q3, 2026 results on Feb 13, 2026 お知らせ • Jan 23
SWELECT Energy Systems Ltd. Launches NUMERGY Product Portfolio SWELECT Energy Systems Ltd. unveiled its new corporate logo and brand tagline 'Powering the World Responsibly', marking an important step in the company's evolution and its long-term commitment to clean and reliable energy. The company also announced the launch of its NUMERGY product portfolio, a comprehensive range of Battery Energy Storage Systems (BESS) and home energy solutions designed to address the growing need for reliable, round-the-clock power across residential, SOHO and large-scale commercial & industrial (C&I) applications. The refreshed identity reflects what SWELECT stands for today.a company rooted in strong engineering values, now focused on delivering responsible, sustainable energy solutions to homes, industries, and businesses. The new logo and tagline signal a clear direction as the company strengthens its presence across solar, energy storage, and integrated energy solutions. In line with this ethos is SWELECT's NUMERGY portfolio, which has been designed to address energy storage needs across homes, small businesses and large commercial & industrial users, with solutions that scale seamlessly from residential to enterprise applications. New Risk • Jan 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.90b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (₹8.90b market cap, or US$98.7m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹10.45 (vs ₹5.93 in 2Q 2025) Second quarter 2026 results: EPS: ₹10.45 (up from ₹5.93 in 2Q 2025). Revenue: ₹1.47b (down 25% from 2Q 2025). Net income: ₹151.7m (up 84% from 2Q 2025). Profit margin: 10% (up from 4.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. お知らせ • Nov 07
Swelect Energy Systems Limited to Report Q2, 2026 Results on Nov 13, 2025 Swelect Energy Systems Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹882, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 38x in the Electrical industry in India. Total returns to shareholders of 165% over the past three years. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹13.95 (vs ₹4.35 in 1Q 2025) First quarter 2026 results: EPS: ₹13.95 (up from ₹4.35 in 1Q 2025). Revenue: ₹1.89b (up 66% from 1Q 2025). Net income: ₹205.4m (up 227% from 1Q 2025). Profit margin: 11% (up from 5.5% in 1Q 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. お知らせ • Aug 09
Swelect Energy Systems Limited to Report Q1, 2026 Results on Aug 13, 2025 Swelect Energy Systems Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Upcoming Dividend • Jul 11
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 18 July 2025. Payment date: 07 August 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.4%). New Risk • Jul 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). お知らせ • Jun 02
Swelect Energy Systems Limited, Annual General Meeting, Jul 25, 2025 Swelect Energy Systems Limited, Annual General Meeting, Jul 25, 2025. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹9.22 (vs ₹34.61 in FY 2024) Full year 2025 results: EPS: ₹9.22 (down from ₹34.61 in FY 2024). Revenue: ₹6.22b (up 156% from FY 2024). Net income: ₹126.0m (down 76% from FY 2024). Profit margin: 2.0% (down from 22% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. お知らせ • Jun 01
Swelect Energy Systems Limited announces Annual dividend, payable on August 07, 2025 Swelect Energy Systems Limited announced Annual dividend of INR 3.0000 per share payable on August 07, 2025, ex-date on July 18, 2025 and record date on July 18, 2025. お知らせ • May 24
Swelect Energy Systems Limited to Report Q4, 2025 Results on May 30, 2025 Swelect Energy Systems Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 30, 2025 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹573, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 33x in the Electrical industry in India. Total returns to shareholders of 78% over the past three years. お知らせ • Mar 13
Swelect Energy Systems Limited announced that it has received INR 2.9 billion in funding from India Infradebt Limited Swelect Energy Systems Limited has announced that it has received INR 2900 million in a round of funding on msrch 12, 2025. The transaction included participation from new investor India Infradebt Limited. The company has provided Non-Convertible Debentures in the transaction. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹512, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 36x in the Electrical industry in India. Total returns to shareholders of 77% over the past three years. New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹7.73b market cap, or US$88.6m). Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹6.98 loss per share (vs ₹6.02 profit in 3Q 2024) Third quarter 2025 results: ₹6.98 loss per share (down from ₹6.02 profit in 3Q 2024). Revenue: ₹913.8m (up 44% from 3Q 2024). Net loss: ₹107.7m (down 222% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹669, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 114% over the past three years. お知らせ • Feb 07
Swelect Energy Systems Limited to Report Q3, 2025 Results on Feb 12, 2025 Swelect Energy Systems Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹5.93 (vs ₹4.82 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.93 (up from ₹4.82 in 2Q 2024). Revenue: ₹2.10b (up 150% from 2Q 2024). Net income: ₹82.3m (up 21% from 2Q 2024). Profit margin: 3.9% (down from 8.1% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • Nov 05
Swelect Energy Systems Limited to Report Q2, 2025 Results on Nov 11, 2024 Swelect Energy Systems Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,173, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 55x in the Electrical industry in India. Total returns to shareholders of 447% over the past three years. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹4.35 (vs ₹7.62 in 1Q 2024) First quarter 2025 results: EPS: ₹4.35 (down from ₹7.62 in 1Q 2024). Revenue: ₹1.26b (up 48% from 1Q 2024). Net income: ₹62.8m (down 42% from 1Q 2024). Profit margin: 5.0% (down from 13% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • Aug 04
Swelect Energy Systems Limited to Report Q1, 2025 Results on Aug 12, 2024 Swelect Energy Systems Limited announced that they will report Q1, 2025 results on Aug 12, 2024 お知らせ • Jul 31
DMW Cnc Solutions India Private Limited acquired Amex Alloys Private Limited from Swelect Energy Systems Limited (BSE:532051) on July 30, 2024. DMW Cnc Solutions India Private Limited entered into an agreement to acquire Amex Alloys Private Limited from Swelect Energy Systems Limited (BSE:532051) on October 11, 2023. The enterprise value of the transaction is INR 1.1 billion. The transaction will be completed in two tranches - Tranche 1 for 90% within sixty days from the date of Execution of Share Purchase Agreement and Tranche 2 for 10% on or before March 31, 2024. AMEX Alloys reported net worth of INR 329 million on March 31, 2023.
The transaction is subject to approval of the shareholders of SWELECT, completion of certain conditions precedent and other requisite approvals from statutory and regulatory authorities. The board of directors of SWELECT approved the transaction. The board of Swelect has decided to obtain approval of shareholders through postal ballot. DMW Cnc Solutions India Private Limited entered into Second Amendment Agreement for modifying the clause pertaining to percentage of the shareholding to 81.54% for the 1st tranche. As per the Second Amendment Agreement dated March 15, 2024 the Board had made amendment for modifying the clause pertaining to percentage of the shareholding to be transferred in tranches and inclusion of few warranty clauses for seller. i.e., Tranche 1: 81.54% shareholding - on or before 31.03.2024 and Tranche 2: 18.46% shareholding - on or before 30.06.2024. DMW Cnc Solutions India Private Limited completed the acquisition of 81.54% stake in Amex Alloys Private Limited from Swelect Energy Systems Limited (BSE:532051) for INR 630 million on March 18, 2024. As of June 29, 2024, the Board at its meeting had approved the Third Amendment Agreement for modifying the clause pertaining to Tranche 2, i.e., consideration for 18.46% shareholding to be received on or before 31.07.2024 by extension of one month.
DMW Cnc Solutions India Private Limited completed the acquisition of Amex Alloys Private Limited from Swelect Energy Systems Limited (BSE:532051) on July 30, 2024. The Second Tranche of 18.46% amounting to INR 147 million has been received by Swelect Energy Systems Limited. Upcoming Dividend • Jul 15
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 22 July 2024. Payment date: 09 August 2024. Payout ratio is a comfortable 8.7% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.3%). New Risk • Jul 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Declared Dividend • May 27
Dividend increased to ₹4.00 Dividend of ₹4.00 is 233% higher than last year. Ex-date: 22nd July 2024 Payment date: 9th August 2024 Dividend yield will be 0.3%, which is about the same as the industry average. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹35.22 (vs ₹19.03 in FY 2023) Full year 2024 results: EPS: ₹35.22 (up from ₹19.03 in FY 2023). Revenue: ₹2.79b (down 24% from FY 2023). Net income: ₹524.7m (up 82% from FY 2023). Profit margin: 19% (up from 7.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • May 17
Swelect Energy Systems Limited to Report Q4, 2024 Results on May 24, 2024 Swelect Energy Systems Limited announced that they will report Q4, 2024 results on May 24, 2024 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹1,332, the stock trades at a trailing P/E ratio of 79x. Average trailing P/E is 40x in the Electrical industry in India. Total returns to shareholders of 583% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹941, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 36x in the Electrical industry in India. Total returns to shareholders of 355% over the past three years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,191, the stock trades at a trailing P/E ratio of 70.7x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 506% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹6.02 (vs ₹0.28 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.02 (up from ₹0.28 in 3Q 2023). Revenue: ₹713.6m (up 38% from 3Q 2023). Net income: ₹88.0m (up ₹84.6m from 3Q 2023). Profit margin: 12% (up from 0.7% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹864, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 41x in the Electrical industry in India. Total returns to shareholders of 353% over the past three years. お知らせ • Feb 02
Swelect Energy Systems Limited to Report Q3, 2024 Results on Feb 09, 2024 Swelect Energy Systems Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹733, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 41x in the Electrical industry in India. Total returns to shareholders of 276% over the past three years. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹629, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 35x in the Electrical industry in India. Total returns to shareholders of 184% over the past three years. New Risk • Nov 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.27b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹8.27b market cap, or US$99.2m). Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹4.82 (vs ₹10.55 in 2Q 2023) Second quarter 2024 results: EPS: ₹4.82 (down from ₹10.55 in 2Q 2023). Revenue: ₹912.1m (down 42% from 2Q 2023). Net income: ₹68.3m (down 52% from 2Q 2023). Profit margin: 7.5% (down from 9.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. お知らせ • Nov 01
Swelect Energy Systems Limited to Report Q2, 2023 Results on Nov 08, 2023 Swelect Energy Systems Limited announced that they will report Q2, 2023 results on Nov 08, 2023 お知らせ • Oct 12
Swelect Energy Systems Limited, Annual General Meeting, Oct 11, 2023 Swelect Energy Systems Limited, Annual General Meeting, Oct 11, 2023. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹658, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 34x in the Electrical industry in India. Total returns to shareholders of 462% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹7.62 (vs ₹1.79 loss in 1Q 2023) First quarter 2024 results: EPS: ₹7.62 (up from ₹1.79 loss in 1Q 2023). Revenue: ₹977.5m (up 41% from 1Q 2023). Net income: ₹109.1m (up ₹136.1m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹567, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 31x in the Electrical industry in India. Total returns to shareholders of 475% over the past three years. お知らせ • Aug 03
Swelect Energy Systems Limited to Report Q1, 2024 Results on Aug 12, 2023 Swelect Energy Systems Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Upcoming Dividend • Jul 12
Upcoming dividend of ₹1.20 per share at 0.3% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 6.3% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.5%). New Risk • Jul 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (₹6.55b market cap, or US$79.2m). Reported Earnings • Jul 08
Full year 2023 earnings released: EPS: ₹19.03 (vs ₹31.77 in FY 2022) Full year 2023 results: EPS: ₹19.03 (down from ₹31.77 in FY 2022). Revenue: ₹3.90b (up 4.1% from FY 2022). Net income: ₹288.5m (down 40% from FY 2022). Profit margin: 7.4% (down from 13% in FY 2022). Over the last 3 years on average, earnings per share has increased by 61% per year whereas the company’s share price has increased by 56% per year. New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹6.21b market cap, or US$75.4m). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹380, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 28x in the Electrical industry in India. Total returns to shareholders of 219% over the past three years. お知らせ • May 30
Swelect Energy Systems Limited, Annual General Meeting, Jul 26, 2023 Swelect Energy Systems Limited, Annual General Meeting, Jul 26, 2023. お知らせ • May 21
Swelect Energy Systems Limited to Report Q4, 2023 Results on May 29, 2023 Swelect Energy Systems Limited announced that they will report Q4, 2023 results on May 29, 2023 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹320, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 20x in the Electrical industry in India. Total returns to shareholders of 293% over the past three years. 
